Sure, they won't give you 120% financing and an interest-only loan, but maybe that's why in the last year they've jumped from a market share of 6% to financing 23% of all new loans that have originated since the federal government stepped in to lend a hand in housing recovery.
And that's exactly why I love the FHA!
The FHA and Homes4NC are probably two of the most important resources for home buyers, especially FIRST TIME HOME BUYERS.
If you're interested in learning more about how these programs affect you, take a look at some of these online resources from each agency:
The Federal Housing Administration
HUD (the authority that FHA is created under) in North Carolina
Homes4NC.org
And finally, here is the USA Today article that prompted my thought for this post: FHA on track for busiest year as it backs 23% of mortgages.
If you have any questions, or would just like to know more about how each of these programs can help you purchase a home that you make your very own, just ask!
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